India’s office property market quietly staged a solid comeback. After lagging in a few quarters, rentals in the top seven cities have risen 6% year-on-year, according to new data from Anarock Research. The average monthly rent now stood at Rs 90 per sq ft, up from Rs 85 per sq ft last year.

Bengaluru led the surge with a 9% jump, while Pune turned out to be the surprise story office absorption there almost doubling in a year. The Anarock report indicated that demand for quality workspace returned. Meanwhile, the southern part of India continued to anchor India’s commercial cycle.

Demand holds firm even as supply grows

India’s office market showed steady, with real improvement. Across the seven main cities, companies took up 42 million sq. ft. of space in the first nine months of 2

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